This paper explores the core personality traits of entrepreneurs:

∙ Capable
∙ Hubristic
∙ High self-esteem
∙ More likely to have done “illicit activities”

But here's the key line: "The number one predictor of entrepreneurship is asymmetric information about skill levels."
I discovered this paper when @wolfejosh shared it a few years ago.

He mentioned a quote from William Blake: "I must create a system or be enslaved by another man's; I will not reason and compare: my business is to create."
By asymmetric skill levels, the authors refer to people who are more talented than they are credentialed. They're the kinds of people who know how to build a business, even though they never went to college.

Being under-estimated makes them more likely to start a company.
I know a ton of successful entrepreneurs who had a “secret first gig” which helped them earn enough money to become financially sustainable and eventually, take a risk.

But because so many of these first gigs were sketchy, they’re conveniently left out of the personal narrative.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with David Perell

David Perell Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @david_perell

18 May
Philosophers are the strongest thinkers I know.

They're trained to evaluate ideas from a kaleidoscope of perspectives. They think like intellectual boxers, who understand ideas by making them fight with each other.

Their thinking is bloody, but boy is it effective.
In particular, I admire their patience with ideas.

Most people jump to moral conclusions when they find a new idea. A good philosopher has none of that hubris. Through critique and dialogue, they simply try to understand it instead, knowing that understanding is a slow process.
While the rest of us judge ideas, philosophers critique them.

They think dispassionately because they welcome the idea of being corrected, and in turn, updating their worldview. Thus, they welcome self-criticism, so long as it's done with a posture of intellectual generosity.
Read 7 tweets
6 May
For all the talk about progress, why are beautiful buildings like this so rare these days?
Modern architecture really makes you question the gospel of efficiency.

I mean, seriously.
Oh and while we’re at it, can we have some Art Nouveau wallpaper too?
Read 4 tweets
3 May
The Simpsons secret to writing: Create an imperfect world, then improve it.
First, flood the page with ideas. Then, edit.

“Since writing is very hard and rewriting is comparatively easy and rather fun, I always write my scripts all the way through as fast as I can, the first day, if possible.”

(h/t @MarketPowerYT)

newyorker.com/culture/the-ne…
The writers for The Simpsons were completely independent.

Since not even executives received advanced copies of the scripts, all the writers had to do was please themselves.
Read 5 tweets
30 Apr
New essay: A couple years ago, I realized that I knew embarrassingly little about Christianity.

So, I decided to change that. That search led me to history of human rights and the moral underpinnings of Western culture.

Here’s what I discovered.

perell.com/essay/why-your…
I didn’t think this piece would resonate.

But in terms of quality responses in the first 24 hours, it’s the most successful essay I’ve ever written.

Never have I experienced such a flood of responses — and I particularly love the personal stories of religious transformation.
Religious or not, every Westerner bathes in the waters of Christian ideology.

We are desensitized to Christianity’s influence on Western thought not because it’s irrelevant, but because it’s so all-consuming.
Read 5 tweets
5 Apr
Some paradoxes of modern life:

1. The paradox of reading: The books you read will profoundly change you even though you’ll forget the vast majority of what you read.
2. The paradox of writing: Great writing looks effortless. But because the ideas are so clear, casual readers don't appreciate how much time it took to refine them.
3. The paradox of creativity: Your work is done when it looks so simple that the consumer thinks they could've done it, which means they won't appreciate how hard you worked.
Read 14 tweets
1 Apr
I like the motto: “Don’t put-spend your competitors. Out-teach them.”

If you have a unique perspective, a solid product, and know how to spread your message on the Internet, you don’t have to spend money on paid marketing.
For information products, the Internet is inverting the way we’ve always done things:

Old method: Say little in public, share everything with customers.

New method: Say everything in public, but distill and refine ideas for customers.

(Simplified, but directionally true.)
“Education is a soft way to get your name — and your product’s name — in front of more people.

And instead of a hard sell “buy this product” approach, you’re getting attention by providing a valuable service.

People who you educate will become your evangelists.”

@jasonfried
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(